U.S. Movers: Coldwater, Green Mountain, H&R Block, Buckle, Walgreen

Mukesh Buch
10 Mar, 2011
New York City

Green Mountain Coffee entered in to strategic relationship with Starbucks. Smithfield third quarter net income surged to $202.6 million. The Buckle quarterly net income rose 17.6% to $49.5 million. Catalyst Health will acquire Walgreens pharmacy benefit management business.

[R]11:10 AM New York –Green Mountain Coffee entered in to strategic relationship with Starbucks. Smithfield third quarter net income surged to $202.6 million. The Buckle quarterly net income rose 17.6% to $49.5 million. Catalyst Health will acquire Walgreens pharmacy benefit management business.[/R]

Of 30 the stocks in the Dow, 1 increased and 29 decreased.

Of the stocks in the Dow Jones Industrial Average, McDonald’s Corporation led the gainers with a rise of 0.51%.

Exxon Mobil Corporation led the decliners with a fall of 3.13%, followed by decline in Caterpillar Inc. of 2.99%, in Chevron Corporation of 2.72%, in United Technologies Corporation of 2.53%, in Alcoa Inc. of 2.52%.

Other Movers

AAON, Inc. ((AAON)) declined 3.1 or 96 cents to $30.00 after the air-conditioning and heating equipment maker reported fourth quarter revenues increased 21% to $65.8 million from $54.2 million in the same quarter last year. Net income in the quarter fell 6% to $5.8 million or 35 cents per diluted share compared to $6.2 million or 36 cents per share for the year-ago quarter.

Canadian Solar Inc. ((CSIQ)) tumbled 14.6% or $2.00 to $11.70 after the Canada based solar cell and module maker said fourth quarter net revenues soared to $452.7 million from $254.2 million in the same quarter last year. Net income in the quarter was $25.5 million or 58 cents per diluted share compared to net loss of $15.6 million or 38 cents per share for the year-ago quarter.

Compass Diversified Holdings ((CODI)) slumped 4% or 63 cents to $14.85 after the holding company reported fourth quarter net sales increased to $438.9 million from $362.0 million in the previous-year quarter. Net income in the quarter narrowed to $1.27 million or 3 cents per diluted share compared to $1.68 million or 5 cents per share from a year ago.

Coca-Cola Bottling Co. Consolidated ((COKE)) fell 0.2% or 14 cents to $59.25 after the non-alcoholic beverages distributor reported fourth quarter net sales declined 0.01% to $354.38 million from $354.42 million in the previous-year quarter. Net income in the quarter surged 92% to $3.82 million or 41 cents per diluted share compared to net income of $1.99 million or 21 cents per share last year.

Coldwater Creek Inc. ((CWTR)) tumbled 13.7% or 40 cents to $2.51 after the specialty retailer reported fourth quarter net sales declined 20.8% to $252.10 million from $318.36 million last year. Net loss for the quarter widened 283% to $37.04 million or 40 cents per diluted share compared to net income of $9.68 million or 11 cents per share in the previous year.

Green Mountain Coffee Roasters, Inc. ((GMCR)) surged 27.1% or $11.84 to $55.38 after the specialty coffee maker and Starbucks Corporation ((SBUX)) entered in to strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks branded coffee and tea.

H&R Block, Inc. ((HRB)) soared 5.3% or 81 cents to $16.00 after the largest U.S. tax preparer said third quarter total revenues fell 8.9% to $851.48 million from $934.85 million in the same quarter last year. Net loss for the quarter was $12.7 million or 4 cents per diluted share compared to net income of $50.6 million or 15 cents per share for the year-ago quarter.

Jo-Ann Stores, Inc. ((JAS)), the specialty retailer of fabrics and crafts reported fourth quarter net sales rose 3.6% to $624.1 million from $602.2 million last year. Net income in the quarter increased 8.9% to $40.4 million or $1.53 per share compared to net income of $37.1 million or $1.36 per share in the previous year.

Kirkland’s, Inc. ((KIRK)) plunged 5.9% or 91 cents to $14.42 after the specialty home decor and gifts retailer said fourth quarter revenues decreased to $139.6 million from $142.8 million in the same quarter last year. Comparable store sales for the fourth quarter decreased 7.9% compared with a rise of 10.2% in the prior-year quarter. Net income in the quarter fell to $14.4 million or $0.70 per diluted share compared to $22.1 million or $1.08 per share for the year-ago quarter.

Orbit International Corp. ((ORBT)) plunged 9% or 33 cents to $3.34 after the software solution provider reported fourth quarter net sales fell 7.3% to $6.95 million from $7.49 million in the previous-year quarter. Net loss in the quarter widened to $3.0 million or 66 cents per diluted share compared to $1.6 million or 36 cents per share from a year ago.

Provident Energy Trust ((PVX)) slipped 3.5% or 30 cents to $8.18 after the open-end unincorporated investment trust reported fourth quarter revenue from continuing operations (net of financial derivative instruments) grew 24.3% to C$514.96 million from C$414.16 million a year ago. Net income in the quarter was C$61.32 million or C$0.22 per share compared to a loss of C$20.34 million or C$0.08 per share in the prior year.

Quad/Graphics, Inc. ((QUAD)) rose 0.3% or 14 cents to $43.60 after the printer of magazines, catalogs and other commercial products reported fourth quarter net sales rose 171.2% to $1.39 billion from $512.6 million in the previous year quarter. Net earnings in the quarter declined 26.3% to $26.6 million or 55 cents per diluted share compared to net income of $36.1 million or $1.24 per share in last year.

Smithfield Foods, Inc ((SFD)) decreased 1.8% or 46 cents to $22.30 after the fresh meat and packaged meat product maker reported third quarter net revenue increased 10% to $3.2 billion from $2.9 million in the year-ago quarter. Net income in the quarter surged to $202.6 million or $1.21 per diluted share compared to $37.3 million or $0.22 per share in the prior-year quarter.

Stein Mart, Inc. ((SMRT)) soared 8.8% or 78 cents to $9.60 after the specialty department store operator said fourth quarter net sales fell to $336.7 million from $341.8 million in the previous-year quarter. Net income in the quarter increased to $18.8 million or 42 cents per diluted share compared to $2.7 million or 6 cents per share from a year ago.

Semtech Corporation ((SMTC)) increased 10% or $2.25 to $24.75 after the analog and mixed-signal chip maker reported fourth quarter net revenue grew 36.8% to $116.27 million from $85.02 million in the year-ago quarter. Net income in the quarter rose 174.2% to $26 million or 39 cents per diluted share compared to net income of $9.48 million or 15 cents per share in the prior-year quarter.

The Buckle, Inc. ((BKE)) fell 0.9% or 37 cents to $37.20 after the apparel retailer reported fourth quarter revenues rose 10.4% to $303.1 million from $274.4 million in the same quarter of last year. On a same-store-basis, sales grew 6.3% compared to the year-ago quarter. Net income in the quarter increased 17.6% to $49.5 million or $1.05 per share compared to net income of $42.1 million or 90 cents per share a year earlier.

The Men''s Wearhouse, Inc. ((MW)) gained 6.3% or $1.67 to $27.86 after the men''s dress apparel retailer said fourth quarter sales increased 18.57% to $542.11 million from $457.22 million in the comparable quarter a year ago, driven largely by acquisitions in corporate apparel segment as well as comparable sales growth. Net loss in the quarter narrowed 25% to $14.09 million or 27 cents per diluted share compared to a loss of $18.75 million or 36 cents per share in the fourth quarter of previous year.

Vail Resorts, Inc. ((MTN)) slipped 1.5% or 77 cents to $49.06 after the holding company said second quarter net revenues soared 22% to $388.1 million from $300.5 million in the same quarter of last year. Net income in the quarter increased to $54.5 million or $1.48 per share compared to $40.7 million or $1.11 per share a year earlier.

Valhi, Inc. ((VHI)) decreased 1.9% or 48 cents to $23.98 after the holding company reported fourth quarter total revenues rose 19.3% to $407.0 million from $341.1 million in the comparable quarter last year. Net income in the quarter soared 394% to $17.8 million or 15 cents per diluted share compared to net income of $3.6 million or 3 cents per share in the prior-year quarter.

Walgreen Co. ((WAG)) fell 0.8% or 36 cents to $42.25 after the drugstore operator agreed with Catalyst Health Solutions, Inc. ((CHSI)) under which Catalyst will acquire Walgreens pharmacy benefit management business, Walgreens Health Initiatives, Inc in a cash transaction for $525 million. The transaction is structured as acquisition of all of the capital stock of WHI.